Financial Performance - Operating revenue for the first nine months of 2024 reached CNY 220,527,068.76, reflecting a growth of 10.92% from CNY 198,809,428.06 in the same period of 2023[4] - Net profit attributable to shareholders for the first nine months of 2024 was CNY 22,138,386.69, a 5.53% increase from CNY 20,977,781.21 year-on-year[4] - In Q3 2024, operating revenue was CNY 70,411,089.11, a decline of 1.88% compared to CNY 71,761,731.50 in Q3 2023[4] - Net profit attributable to shareholders in Q3 2024 dropped by 33.53% to CNY 4,699,856.09, down from CNY 7,070,815.63 in the same quarter last year[4] - Total operating revenue for the first nine months of 2024 reached ¥220,527,068.76, an increase of 10.86% compared to ¥198,809,428.06 in the same period of 2023[22] - Net profit for the first nine months of 2024 was ¥22,013,437.40, compared to ¥20,863,932.89 in 2023, representing a growth of 5.49%[23] Assets and Liabilities - Total assets increased by 4.18% to CNY 610,447,869.55 as of September 30, 2024, compared to CNY 585,976,109.68 at the end of 2023[4] - The company’s total liabilities to assets ratio (consolidated) increased to 22.18% from 21.08% year-on-year[4] - The company’s fixed assets rose by 70.64% to CNY 284,185,909.90, primarily due to the completion of construction and acceptance of new facilities[5] - Total liabilities amounted to CNY 135,409,327.20, up from CNY 123,522,224.98, indicating an increase of approximately 9.5%[18] - The company's equity attributable to shareholders rose to CNY 474,426,772.37 from CNY 461,717,165.43, a growth of about 2.0%[18] - Non-current assets totaled CNY 364,467,993.23, an increase from CNY 322,141,060.36, representing a growth of approximately 13.1%[17] Cash Flow - The net cash flow from operating activities for the first nine months decreased by 9.26% to CNY 23,332,705.05, down from CNY 25,713,227.89 in the previous year[4] - Operating cash inflow for the first nine months of 2024 was CNY 218,386,220.04, an increase from CNY 199,542,882.93 in the same period of 2023, representing a growth of approximately 9.2%[28] - Net cash flow from operating activities decreased to CNY 28,996,601.45 in 2024 from CNY 39,109,132.37 in 2023, a decline of about 26.5%[29] - Cash inflow from investment activities totaled CNY 256,812,922.08, significantly higher than CNY 1,320,196.32 in the previous year[29] - Cash outflow for investment activities increased to CNY 257,279,992.16 from CNY 131,627,705.29, indicating a rise of approximately 95.1%[29] - The ending cash and cash equivalents balance increased to CNY 49,509,930.57 from CNY 22,661,133.94 year-over-year[29] Shareholder Information - The total number of ordinary shares at the end of the reporting period was 94,287,797, with 3,843 shareholders[8] - Major shareholders include Qin Wenping with 28.25% and Zhang Yujun with 25.08% of shares[9] Expenses and Costs - The company’s management expenses increased by 30.82% to CNY 27,853,935.95, attributed to higher employee compensation and depreciation costs[6] - Total operating costs for the same period were ¥199,692,213.79, up from ¥176,074,186.78, reflecting a year-over-year increase of 13.46%[22] Research and Development - Research and development expenses for the first nine months of 2024 were ¥10,226,940.98, compared to ¥9,202,536.56 in 2023, an increase of 11.09%[22] - The company has ongoing investments in new technologies and market expansion strategies, although specific figures were not disclosed in the conference call[19] Legal and Compliance - The company has no major litigation or arbitration matters affecting its financial position[13] - The total amount of litigation as a plaintiff was CNY 2,267,887.33, representing 0.48% of the net assets[13] - The company has no violations regarding guarantees and has fulfilled all disclosed commitments without any overdue obligations[14]
沪江材料(870204) - 2024 Q3 - 季度财报